Read the latest headlines about developments in the international insurance industry in Vienna and Austria
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Vienna International Insurance Industry News

Uniqa: Earnings and Net Income Improved Substantially

EBT improved to € 152.4m. Company plans EBT of approximately € 200m for business year 2012.

November 28, 2012

VIG: Satisfying Results Ahead

Next Tuesday, Vienna Insurance Group will publish its results for the first nine months of 2012.

November 23, 2012

VIG Considers Expanding Further

Vienna Insurance Group has cash reserves of € 1.5bn. Now, the insurance group wants to take over some small or medium-sized companies.

October 24, 2012

Grawe Bids for Zavarovalnica Maribor

The Austrian insurance group wants to take over the Slovenian insurer Zavarovalnica Maribor (ZM). ZM´s management prefers Slovenian bidders.

October 10, 2012

Slovenia: Second-Largest Insurance Group to be Sold

The Austrian Uniqa Group and Grazer Wechselseitige Versicherung (Grawe) are interested in Zavarovalnica Maribor (ZM):

October 8, 2012

UNIQA Group: S&P Confirms Rating

S&P confirms "A-" ratings on the operational UNIQA core companies. Outlook remains "stable".

October 3, 2012

Vienna Insurance Group Becomes Market Leader in Macedonia

After the acquisition of QBE Makedonija, Vienna Insurance Group ranks first in the Macedonian insurance market.

September 17, 2012

„Becoming Number Five Until 2015“

In an interview with the Austrian newspaper „Presse“, Uniqa´s CEO Andreas Brandstetter is optimistic to become a big player in the insurance industry in the CESEE region.

September 15, 2012

UNIQA Establishing Market-Friendly Group Structure

The Austrian insurance group aims to create a new, streamlined Group structure to prepare for the Re-IPO.

September 11, 2012

Re-IPO to Increase Uniqa´s Free Float

In 2013 or 2014, the Austrian insurance company plans a Re-IPO. At the moment, the preparations are already under way.

August 29, 2012

VIG Withdraws from Russia

Vienna Insurance Group concludes sale of holdings in Russian Insurers MSK Life, SG MSK and SoVita.

August 29, 2012

Uniqa Records Strong Results

Today, the Austrian insurance group announced an increase in EBT by 43.2% to € 106.5m. Consolidated profit increases by 67.1% to € 57.3m. Recurring premiums are up 0.8% to € 2,583.0m.

August 29, 2012

Uniqa´s Net Income Expected to Triple

According to German Berenberg Bank, the Austrian insurance group should increase net income to € 22m from € 7m in the second quarter of 2012.

August 28, 2012

VIG Aims to Expand in Poland

Vienna Insurance Group is interested in the Polish subsidiaries of ING and Aviva. However, there are no sales plans yet.

August 23, 2012

VIG to Grow in Hungary

Vienna Insurance Group intends to expand into Hungary. The Eastern neighbor country is the favorite growth market, the Austrian insurance group said.

August 22, 2012

Uniqa Interested in NKBM´s Insurance Subsidiary

The Austrian insurance group aims to grow in Slovenia. The financially stricken bank sells a 51% stake of the insurance business.

August 21, 2012

Allianz Austria: Stable Earnings and Rising Premium Income

In the first quarter of 2012, Allianz Austria recorded a 24% slump in earnings. Pre-tax profits grew slightly.

August 21, 2012

VIG: Stable Results Ahead

Next Wednesday, Vienna Insurance Group publishes its half-year results. Analysts predict a slight growth in premium income.

August 20, 2012

VIG Streamlines its Market Presence in Poland

Vienna Insurance Group announced that the merger of InterRisk and PZM is completed.

August 1, 2012

Bawag and Generali Extend Cooperation

The Austrian bank, which is owned by the U.S. investment funds Cerberus and Generali agreed on extending the cooperation until 2023.

July 23, 2012

Vienna Insurance Group: Still Growth Potential in CESEE

VIG´s new CEO Peter Hagen aims to achieve external as well as internal growth. The process of catching up will go on.

July 20, 2012

€ 500m Cash Capital Increase by Uniqa Completed

Upon termination of the subscription offer, Austrian UNIQA Versicherungen AG has placed all 47,619,048 new shares offered in the cash capital increase.

July 13, 2012

Stable Development in Austrian Insurance Sector

The Austrian Financial Market Authority (FMA) recorded a minor increase in the premium volume in the first quarter of 2012.

June 30, 2012

Uniqa Completes Sale of Mannheimer Group

The Austrian insurance group Uniqa completed the sale of the Frankfurt listed company Mannheimer AG Holding to Continentale Versicherungsverbund. Growth in CESEE countries should be strengthened.

June 29, 2012

Uniqa Initiates Cash Capital Increase

The Austrian insurance company improves its equity base via a Re-IPO. The size of cash capital increase reaches € 500m.

June 26, 2012

VIG to Invest in CEE Real Estate

The Vienna Insurance Group intends to invest more in real estate. „Central and Estern Europe is more interesting for us.“ CEO Peter Hagen says.

June 20, 2012

Uniqa Acquires EBRD’s Interests in Subsidiaries in CESEE

The Austrian insurance group concluded an agreement for the acquisition of EBRD’s interests in subsidiaries in Croatia, Poland and Hungary.

June 20, 2012

Austrians Highly Care About Retirement Provision

Austrians highly appreciate the security and stability of their own country and this is also reflected in their approach to financial matters and retirement provisioning.

June 8, 2012

Allianz Austria Records Higher Earnings

The Austrian subsidiary of the German insurance group could achieve a higher premium intake and and increase in earnings.

May 31, 2012

New Supervisory Board at Uniqa

New Supervisory Board Chairman of the Austrian insurance group is RZB´s CEO Walter Rothensteiner, who succeeds Christian Konrad.

May 30, 2012

VIG: Hagen Succeeds Geyer

Peter Hagen will succeed Günter Geyer as CEO of Vienna Insurance Group with effect from 1 June. “Management continuity puts the Group on a stable basis” the company says.

May 29, 2012

Uniqa: Profits Up by 20%

Profit on ordinary activities increased by 20.2% to € 54.4m. Group profit up 13.8% to € 30.4m. The PIIGS exposure reduced by 43% to € 1,166m compared with 31 December 2011.

May 25, 2012

VIG in Line with Expectations

Group premiums of the Austrian insurance group grew by 5.5 percent to more than € 2.7bn. Increase in Group profit (before taxes) by 6.0 percent to € 151.4m.

May 23, 2012

Grazer Wechselseitige Posts Profit Decrease

Due to the Hungarian business segment, the Austrian banking and insurance group recorded a decline in net income to € 58m from € 69m.

May 16, 2012

Austrian Insurance Industry Shrinks

Last year, premium income generated by Austrian insurance companies was down by 1.7%. Insurance benefits were up, however.

May 9, 2012

Merkur Records Stable Profit

The Austrian insurance company could improve its results in 2011. The pre-tax profit showed a slight increase to € 6.9m from € 6.8m.

May 8, 2012

Vienna Insurance Raises Dividends by 10%

The biggest Austrian insurance group resolves an increase in dividend by 10 percent to € 1.10 per share.

May 4, 2012

Uniqa Plans Capital Increase

The Austrian insurance group is planning a capital increase of €500 million this year “to be able to take ad-vantage of short-term growth opportunities”.

April 27, 2012

Mixed Results at Generali Austria

The Austrian subsidiary of the Italian insurance group recorded a decent rise in premium income. Earnings were down by 24%.

April 19, 2012

Uniqa Sells German Mannheimer Group

The Austrian insurance company concludes the sale of its majority stake in Mannheimer AG.

April 16, 2012

Austrian Insurance Industry: Growth Opportunities in CESEE

Last year foreign business accounted for almost 40% overall. Austrian insurers believe there is further potential, above all in Eastern Europe.

April 6, 2012

VIG Re: Increase In Profits

Vienna Insurance Group Re posted results. The re-insurer said it raised pre-tax profit by 11.1 percent to € 20.6m, and premium volume by 4.2 percent to € 292.3m.

April 5, 2012

Austrian Insurance Firms Continue to Commit to Internationalisation

Last year foreign business accounted for almost 40% overall. Austrian insurers believe there is further potential, above all in Eastern Europe.

April 4, 2012

VIG Reaches Record in Group Profits

Vienna Insurance Group registers an increase in Group profit (before taxes) by 10.1 percent to about € 560m. VIG proposed a dividend increase of 10 percent to € 1.10 per share.

March 29, 2012

FMA: Insurance Companies Raised Profits to € 1.16bn

The Austrian Financial Market Authority (FMA) observes rising profits in the domestic insurance industry. Operating profits grew to € 1.16bn.

March 20, 2012

Allianz Austria Improves Premium Intake

The Austrian subsidiary of the German insurance group could enhance results in all its segments. Due to a decline in investment results, net profits were down significantly.

March 20, 2012

Uniqa: Changes in Supervisory Board

RZB´s supervisory board chairman Christan Konrad will leave Uniqa. RZB´s CeO Walter Rothensteiner succeeds Konrad.

March 6, 2012

Uniqa Aims for Growth in CESEE Region

The Austrian insurance group wants to sell stakes by the minority shareholders of subsidiaries in Eastern Europe. The capital increase is scheduled for 2013.

March 5, 2012

Austrian Insurance Market Shrinking

In 2011, premium income at Austrian insurance companies declined. Only in the health insurance segment showed growth rates.

February 28, 2012

Uniqa Records Losses of € 330m

The Austrian insurance company´s results are massively burdened by Greek bonds. Core business is still 'robust', says Uniqa´s management.

February 3, 2012